Two established window and door fabricators placed into adminstration
Two established PVC-U window and door fabricators, Tradesmith Ltd and Euramax Solutions Ltd, have recently entered administration, marking a devastating turn of events for all involved. Tradesmith Ltd, operating out of Hailsham, has long been a trusted supplier to trade customers across the South. Mark Hutchinson, Managing Director of Tradesmith Ltd, expressed his sorrow, stating, “It is with a heavy heart that I announce Tradesmith Ltd has entered administration after 31 years of operation, resulting in the closure of our doors. I extend my heartfelt thanks to all our customers and suppliers for their unwavering support.”
Similarly, Euramax Solutions, based in Barnsley, has faced administration due to significant cash flow problems after the collapse of a key client. Specialising in supplying PVC-U windows and doors across various sectors, including home improvement, leisure, and construction, the company’s challenges were compounded by a declining market demand. Chris Ratten, Joint Administrator and RSM Restructuring Partner, noted, “The combined effect of a market downturn and the loss of a key customer has critically affected the business’s viability, compelling the directors to appoint administrators.” Euramax Solutions, which boasted a workforce of approximately 200 employees and reported a turnover of £26.5 million in 2022, now faces uncertain times.
Local MP, Stephanie Peacock, voiced her concerns to the Barnsley Chronicle, emphasizing her commitment to supporting the affected employees: “The administration of Euramax is deeply troubling, particularly for the over 200 employees facing job insecurity. I am in continuous dialogue with Euramax to stay updated on developments and offer my support.” Councilor David White highlighted the efforts to secure new investments, acknowledging the challenges faced: “The administration of one of their largest clients left them with few options. It’s challenging for a company of this scale to swiftly replace a major client or pivot quickly enough to adapt. My thoughts are with the directors forced into these tough decisions. Efforts to attract new investment are underway, from what I understand.”
As the situation unfolds, the administrators aim to optimise creditor returns while cooperating with the management team and suppliers to maintain limited operations and complete outstanding orders. So far, no redundancies have been announced. For further information, Chris Ratten, administrator for Euramax, can be reached at 0161 8304047.
